Internal Audit, Compliance and Risk Assurance

Module 1: Introduction to Internal Audit, Compliance, and Risk Assurance

Overview of internal audit, compliance, and risk assurance concepts

Importance of governance and accountability

Roles and responsibilities in risk management and audit

Module 2: Risk Assessment and Management

Identifying organizational risks (strategic, operational, financial, compliance)

Risk assessment techniques and prioritization

Developing risk mitigation strategies

Module 3: Internal Controls and Compliance Frameworks

Designing effective internal control systems

Ensuring compliance with laws, regulations, and policies

Monitoring and testing controls

Module 4: Audit Planning and Execution

Developing audit plans and schedules

Audit evidence collection and documentation

Evaluating control effectiveness

Module 5: Reporting and Assurance

Preparing internal audit reports

Communicating findings to management and stakeholders

Providing assurance on risk management and compliance effectiveness

Module 6: Case Studies and Practical Exercises

Real-world examples of internal audit, compliance, and risk assurance

Hands-on exercises in risk assessment, control evaluation, and reporting

Group discussions and problem-solving scenarios